Lindsay Chevrolet, LLC 401(k) Review & Grade
Lindsay Automotive Family Retirement Plan
Alexandria, VARetail Trade782 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,805Employer $ per active participant
$6,251Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$76.8MNet plan assets, end of year
$99,402Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 58th |
| Employee saving | 93th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $163,238 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lindsay Chevrolet put in about $1,805 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,410,750 |
| Participant (employee) contributions | $4,885,335 |
| Other contributions (incl. rollovers in) | $356,305 |
| Administrative expenses paid from the plan | $130,322 |
| Investment advisory & management fees | $54,953 |
| Benefits paid out | $7,160,133 |
| Net assets, start / end of year | $68.3M / $76.8M |
| Active participants, start / end of year | 796 / 767 |
| Participants with account balances | 773 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $75,369 reported compensation |
| Northwestern Mutual Wealth Mgmt Co | $54,953 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008100329NAL0005376337001, received 2025-10-08, EIN 54-1877908, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.